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IRS News Release: Preparation for Natural Disasters as Hurricane Season Begins (IRC §7805A)

May 4, 2021, 5:00 AM

With the start of hurricane season, Individuals and business should take time to create or update an emergency preparedness plan, the IRS announced. The IRS offers assistance to victims of natural disasters, such as hurricanes. Taxpayers should retain secure and make copies of key documents, document any valuables and equipment, and check on fiduciary bonds. [IR-2021-x101 (May 4, 2021)]

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